First Affirmative Financial Network Acquires 288 Shares of Thomson Reuters Co. (NYSE:TRI)

First Affirmative Financial Network lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,200 shares of the business services provider’s stock after purchasing an additional 288 shares during the period. First Affirmative Financial Network’s holdings in Thomson Reuters were worth $353,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP lifted its stake in shares of Thomson Reuters by 87.4% in the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $4,506,000. Icon Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 547.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after acquiring an additional 6,716 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 252 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in Thomson Reuters in the third quarter worth about $2,127,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE TRI opened at $167.03 on Thursday. The stock has a market capitalization of $75.16 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a 1-year low of $148.16 and a 1-year high of $176.03. The business’s fifty day moving average price is $162.82 and its 200-day moving average price is $165.14.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.29%. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRI. CIBC boosted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Scotiabank raised their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $176.10.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.